Year ended December 31, 2018 with comparative figures for 2017 (in thousands of dollars)

 

Year ended
December 31, 2018

Year ended
December 31, 2017

Revenue

   
Investment income (note 10)
$
2,302
$
1,968
Administrative Assessment (note 12) 6,000 6,000
Other income 3
Operating Revenue 8,302 7,971

Expenses

   
Salaries and benefits 3,172 3,133
Professional fees 469 390
Directors fees 568 473
Travel and meetings 206 207
External services 250 212
General office and administration 947 1,050
Operating expenses 5,612 5,465
Net Operating Income 2,690 2,506

Members’ Contributions

   
Specific Assessment (note 11) 15,200 15,200
Net Income 17,890 17,706

Other Comprehensive Income Statement (OCI)

   
OCI, beginning of the year (1,405)
OCI, end of the year (1,046) (1,405)
Net change during the year 359 (1,405)

Total Comprehensive Income

18,249 16,301